What do people think about Bitcoin?

I have a decent amount. Hoping it keeps rising.

 

Okay, I have a little over a thousand dollars from selling some of my projects last year just sitting in my shop that I forgot about. Wasn't spending or going out much at all so it just sat in a drawer I never really used. I'm getting the urge to do something new. I've seen this thread from time to time but never clicked and now I think the urge is getting stronger or the FOMO is cranking up. So If I, a newb, wanted to jump into this right away, what would be the steps for the best, safest, and easiest way to do this?

get a hard/soft wallet? don't know what that is but saw it mentioned somewhere...
Sign up with Swan, Gemini, Coinbase, Cash app...etc...?
Buy bitcoin (?)
wait/hope
hope/sell
buy new truck and trailer
get a posse of average-looking women.
repeat?

 

FIFY

This is not professional investing advice. I just really like the coin.

 

If you have 4+ year time horizon (which you should), there is no better investment than bitcoin.

Decide what % of your wealth you want in bitcoin. Convert that amount to bitcoin via an exchange (Swan, Coinbase, CashApp are all good). You could do it all at once or in several chunks.

Then if you want, set up an automatic recurring buy (i.e. purchase $20 worth of bitcoin per week or whatever amount), so you set it and forget it.

In the short term, let the exchange custody the bitcoin for you.

Then start learning about hardware wallets (an electronic device that is not connected to the internet) so you can take custody of your bitcoin. I use Trezor, but Ledger and Cold Card are also good.



The hardest part will be resisting the urge to sell. There is still so much upside for bitcoin.

 

great day. @ME when it's time to bail ok? haha

 

every other investment starts to look foolish

Spoiler

 

What would Genghis think?!

Inner Mongolia to Shut Down Crypto Mining Industry

 

Twitter about to buy BTC?

 

Much wow

 

hot garbage

 

I'm going to get more today:

https://www.coindesk.com/dogecoin-coinflip-atm-support

Dogecoin Bounds Onto 1,800 ATMs in the US


CoinFlip told CoinDesk DOGE has become a symbol of the small retail investor.


(Jaycee Xie/Unsplash)
Sebastian Sinclair
Mar 2, 2021 at 3:19 a.m. CSTUpdated Mar 2, 2021 at 8:33 a.m. CST
Dogecoin Bounds Onto 1,800 ATMs in the US


Fans of the popular canine-themed cryptocurrency dogecoin (DOGE, -2.12%) can now make purchases at 1,800 ATM locations in the U.S.

According to a Tuesday tweet by ATM provider CoinFlip, DOGE can now be purchased with cash across its network, as the company makes the most of DOGE’s surging popularity.

DOGE was launched in 2013 and quickly grew in popularity thanks to its cute Shiba Inu logo and meme-loving community.

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More recently, it has been endorsed by big names including Elon Musk, Snoop Dogg and rocker Gene Simmons – with prices soaring as a result. DOGE has also been wrapped up in the recent “meme trading” craze that saw social media groups pump stocks such as GameStop (GME).

See also: Musk Says He Hopes Rumors He’s in the SEC’s DOGE House Are True

“CoinFlip has always been about the small business and retail customers, and with recent events, dogecoin has paradigm-shifted itself into more than just a meme coin, it has become a symbol of the small league investors,” a spokesperson for CoinFlip told CoinDesk via email.


CoinFlip ATMs already offer customers access to bitcoin (BTC, -2.24%), litecoin (LTC, +0.06%), ether (ETH, -3.64%), dash, komodo, chainlink (LINK, +3.68%), stellar (XLM, -3.46%) and tron (TRX, -2.21%).

The firm’s network has rapidly expanded from around 451 machines in February 2020 to around 1,800 today. The company told CoinDesk it intends to grow that number to over 4,000 by year’s end.

 

Finally a mega thread for shitcoins.
@Commodore @tallanvor

 

We already have one for those : https://bbs.clutchfans.net/threads/what-do-people-think-about-bitcoin.250022/

 

Yes. One thread is enough.

 

At least be original and start a thread like, "which shitcoin is the best shitcoin: bitcoin or dogecoin?" And then have a poll for only 2 shitcoins. That way everybody participates.

 

Third option should be : Can't decide -- need more choices.

 

Some angry people in this thread who didn't buy it when it was cheap.

 

I beg to differ. I'm riding the ADA train.

I do have a tiny bit of the Doge and BTC. Wonder if I should get more Doge.